The S&P 500 reached its all-time high on Friday, surpassing the 4818.62 mark reached on January 4, 2022.
Wall Street has experienced a remarkable rebound from the declines at the beginning of January, with the S&P 500 and Nasdaq wiping out their losses. This rebound is largely attributed to strong gains in the technological sector and hopes for more rate cuts this year.
After hitting its intraday high at 4,818.70, the S&P 500 rose 0.77% at 1:11 pm ET, while the Dow Jones gained 0.65%, and the Nasdaq 100 added 1.27%. A minute later, the euro improved by 0.20% against the dollar, selling for $1.08908.
